XAGUSD Price Analysis – May 9 Silver (XAG) surged to two-month highs of $27.67 to close at $27.45 on Friday, gaining nearly 20 percent for the week. As XAGUSD surges higher, buyers have eyes toward the mid $28 region. A major disappointment on the headline NFP number could explain Silver’s towards the end of the […]
XAGUSD Price Analysis – May 1 The XAGUSD pair attempted to break through the mid $26 in the prior week, as the price tanked cautiously while investors remained cautious and aware of the upbeat data that supported the USD. Durable Goods Orders increased by 0.5% in Mar., following a 0.9% decline in Feb, as per […]
XAGUSD Price Analysis – April 25 After failing to consolidate the prior week’s high at $26.30, Silver (XAG) has dropped back towards the $26.00 level with Friday’s close of $25.85 level. A sharp rise in US Treasury bond yields appears to be putting pressure on the white metal. From the last session, the benchmark 10-year […]
XAGUSD Price Analysis – April 18 This week, silver (XAG/USD) price may continue rising as the white metal breaks out of its recent range around $26.00 on Friday. XAGUSD has reached a high of $26.30 during the prior session, following its price action from the $25.84 opening price. The surge in the dollar during the […]
XAGUSD Price Analysis – April 11 During the previous session, the price of the white metal was under tremendous pressure and fell below the mid $25.00 mark. The selling bias would be reversed if the price rises above the $25.00 breakpoint. The lack of long-term downside is likely since US government bond yields have fallen […]
Silver rallies at the time of writing and it stands at 25.449 level. The price has taken out the immediate obstacles signaling strong buyers. The price has developed a short-term rebound after the last massive sell-off. The current risk-off sentiment that dominates the markets could send Silver higher in the short term. XAG/USD H1 Chart […]
Silver is traded at 24.807 at the time of writing and it could try to resume its rebound after ending the temporary decline. XAG/USD could continue to increase in the short term if the US Dollar depreciates versus the other major currencies. The price has rallied since last week reaching 25.050 today. Now it has […]
XAGUSD Price Analysis – March 21 The prior week’s price action has confirmed Silver (XAG) to be constrained within a sideways run within and above the $26.00 zone. The XAGUSD pair is attempting to safeguard its gains after its rebound from the Mar. 5 lows at $24.83 levels. In the new week, the Silver market […]
Key Resistance Levels: $30.00, $31.00, $32.00Key Support Levels: $24.00, $23.00,$22.00 Silver (XAGUSD) Long-term Trend: BullishSilver (XAGUSD) is in a sideways trend since January 2021. The price is facing rejection at level $28.00. The bulls have retested the overhead resistance thrice but could not sustain the bullish momentum above it. Each time the bulls break above […]
